T. Rowe Price Reviews | Glassdoor

T. Rowe Price Reviews

Updated October 20, 2017
74 reviews

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2.0
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William J. Stromberg
6 Ratings

74 Employee Reviews

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Pros
Cons
  • Work/life balance is diminishing for staff while management leaves early (in 22 reviews)

  • It's call center work for finance and customer service so it can be stressful (in 29 reviews)

More Pros and Cons

  1. "Great coworkers but some unskilled and entrenched managers will make your work experience a roll of the dice."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Fair pay and benefits. Great campus. Smart and dedicated colleagues. Growing company with history in Baltimore.

    Cons

    Company needs 360 reviews with managers as there are some lacking in fundamental people skills and leadership abilities.

    Advice to Management

    Be aware of managers that have high turnover or cannot fill positions and ask why. The company is losing talent when leaders are unable to set clear expectations and then hold staff accountable.


  2. "Terrible place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at T. Rowe Price full-time

    Pros

    They do have a good benefits package.

    Cons

    The structure and management of this company is not conducive to people who are in their late 30's and up. The company pushes younger people to go down a path for future leadership and they pretty much discriminate against the older more experienced generation. They overwork their employees with a ton of OT all the while claiming to be working on ways to improve processes and procedure to help cut down on OT. It never happens.

    Advice to Management

    Instead of focusing so much time and energy to taking care of stockholders, take care of the people who are performing and making you company successful. Also, stop focusing so much on developing young "Leaders" and give true talent, like the more experienced and older generation opportunities to lead the younger generation and help them learn and grow.

  3. "No longer stands out"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Account Manager in Colorado Springs, CO
    Current Employee - Client Account Manager in Colorado Springs, CO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at T. Rowe Price full-time (More than 10 years)

    Pros

    Benefits package, flexibility, peers, community involvement.

    Cons

    They used to stand above other companies due to the way they treated employees, however they no longer seem to care like they used to. It's all about the bottom line and numbers.

    Advice to Management

    Understand your employees, people will work harder if they know they are appreciated. Backfill positions.


  4. Helpful (2)

    "Parochial, and trying to change"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at T. Rowe Price full-time

    Pros

    Great benefits and nice offices.

    Cons

    Company is going through a lot of self-examination. Has underinvested in operations and sales staff. Culture is very "old boy", with a strange fascination on what high school people attended. Management says they want to change and gear up for the future, but doesn't seem fully committed to this.


  5. "Not everyone is given equal opportunity for growth."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Advanced Transactions Specialist in Colorado Springs, CO
    Former Employee - Advanced Transactions Specialist in Colorado Springs, CO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at T. Rowe Price full-time (More than 10 years)

    Pros

    The pay is decent, and you will find some good people among your co -workers. If you are lucky enough with who you know or are in the right department, then you can have success.

    Cons

    Managers often do not know the jobs of the people they are managing so you can't really go to them for help as they will just point you to other resources on the team. This hurts teammates as it takes them away from their duties and can effect metrics such as productivity. The philosophy that managers don't have to know the job of the people they manage because they are managing people is stupid and doesn't foster trust or a belief that your boss can or will be an advocate for you or the team. They can easily be swayed by someone who is a smooth talker because they have no practical experience in the work. As a rule, you should manage resources and coach, train, develop people.

    Advice to Management

    Don't treat people as resources to just meet your end goal. Don't give lip service and not really care because it can be seen through. Require more, not less of the direct managers... they can't be an advocate for the team if they don't know the job and if they are never with their team because they are in meetings the majority of every day.


  6. "RPS Technical Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Colorado Springs, CO
    Former Employee - Anonymous Employee in Colorado Springs, CO
    Negative Outlook
    No opinion of CEO

    I worked at T. Rowe Price full-time (More than 5 years)

    Pros

    A lot of opportunity to move with in the company & to diversify industry knowledge on both the Retail Individual Investor side as well as the Retirement Plan Services side

    Cons

    High turn over, VERY heavy in corporate politic! Not what you know & how proficient you are... It is all about playing the game with the right people...

    Advice to Management

    Best not to chase fads & trends... it creates unnecessary turmoil & CHAOS...


  7. "T. Rowe Price"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - RAM in Colorado Springs, CO
    Former Employee - RAM in Colorado Springs, CO

    I worked at T. Rowe Price full-time (More than a year)

    Pros

    1-salary okay 2-meet lots of people that lead to friendship 3-like money and stocks this is the job for you.

    Cons

    1-if you don't make quota monthly you get written up 2-sit in front of a computer for 8hrs 3-if there is no work you can be sent home early gotta use vacation time or not get paid for the hours you don't work

  8. "If You're Not Investments, You Don't Matter"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at T. Rowe Price full-time

    Pros

    Good work-life balance
    Decent comp structure
    Opportunities for horizontal mobility

    Cons

    Non-Investment personnel are treated as second class citizens are reminded of it frequently. PMs and analysts won't remember your name, and its a one strike policy: one mistake and you might as well quit, your career is over.
    Forget any chance of upward mobility unless someone quits or dies, promotions are certainly not based on merit.
    "Suggestions" and "honesty" are just codewords for "lets just do it the way we've always done it" and "tell me what I want to hear".

    Advice to Management

    Avoiding the active vs. passive discussion won't make it go away, so you might as well discuss it.


  9. Helpful (2)

    "Retail Investment Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Colorado Springs, CO
    Former Employee - Anonymous Employee in Colorado Springs, CO
    Doesn't Recommend

    I worked at T. Rowe Price (More than 5 years)

    Pros

    Paid FINRA, decent pay, great benefits

    Cons

    There is a culture of top-down, especially if Managers go to Owings Mills, then come back to the satellite offices. Favoritism is rampant, and the workplace is a huge stress inducer.

    Advice to Management

    Go back through and follow the company's founding tenets.


  10. Helpful (4)

    "Financial Service Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend

    I have been working at T. Rowe Price full-time

    Pros

    -Pays for FINRA licenses
    -Good benefits
    -SOME co-workers are very helpful and great resources to ask questions or get advice on dealing with a situation.
    -You gain a plethora of knowledge in terms of investing, that no doubt will be helpful in a future role or for your own knowledge.

    Cons

    I can't speak for the whole company, however I can speak for this department. And all I have to say for it is AVOID it at all costs. No matter who you are, you can do better. College graduates, don't get lured in by recruiters promising all this "opportunity" and all these great perks and career expansion.

    It's a waste of your time. I'll tell you what you really are, a person who sits in a desk for 8 hours a day taking help desk phone calls for people who are locked out of something online or need help understanding something. That's all you really are. Granted, T. Rowe Price will pay for your FINRA licensing, however, it's not like you really put it to use and I'm sure there are a thousand other companies out there that do the same where you'd have an actual job doing something meaningful.

    During busy seasons, they also just tack on overtime everyday without your knowledge and give you no warning of anything. Management is very questionable, favoritism is out of control, and it's just an overall toxic work environment. Start your career elsewhere, you can do so much better than what's provided here.

    Advice to Management

    The company was founded on ethics, how about you actually enforce that and some integrity while you're at it.


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